BYD BUILDS ELECTRIC BUS FACTORY IN ECUADOR
BYD announced recently that it has signed an agreement with the Government of Ecuador to build an electric bus factory in the South American country. She shared investing $60 million into the new facility where it will create about 300 jobs. The new factory will have the capacity to prodce 300 of its fully electric buses per year.
Ecuador is a great fit for BYD’s electric vehicles, as it already generates 95% of its electricity from zero-emission hydroelectric power plants, which means that each electric bus or car that hits the road in Ecuador represents a real, immediate reduction in emissions for the country. To this end, BYD also established an office in Ecuador in November of last year.
BYD has been very active in South America, having recently delivered an order of 30 fully electric BYD e5 taxis to the City of Loja in Ecuador in recent weeks. It also announced a massive expansion of its solar photovoltaic factory in Campinas, Brazil, that will manufacture double-glass solar PV panels, electric bus chassis, and finished electric buses for South American markets.
BYD’s plug-in vehicles are currently in use in more than 200 cities across 50 countries around the world.